What is Electrification and which are its benefits
What is electrification, one of the main drivers of decarbonization Prysmian Group is investing in?
The electrification of the energy sector, reached by generating electricity through renewable energy sources, is one of the main pillars for achieving carbon neutrality, as electricity appears to be a crucial energy vector and a ground-breaking opportunity to boost decarbonization and energy transition.
What is decarbonization?
Definition and benefits of electrification
- Decarbonize the economy by cutting greenhouse gas emissions;
- Guarantee air quality by significantly reducing air pollution;
- Improve energy efficiency by promoting sustainable energy use;
- Fight climate change and guarantee a cleaner future.
“The year 2022 confirmed the urgency of the energy transition towards renewable sources and, to a greater degree, of electrification,
not only with a view to speeding up decarbonization processes,
but also to allowing Europe to strongly reduce its dependence on natural gas and oil exporting countries”
Valerio Battista
CEO Prysmian Group
How’s the electrification process going?
Since the share of electricity in total final energy demand in recent years has been increasing steadily, but still appears to be alarmingly low, phasing out from fossil fuels in favor of electricity as the main source of energy calls us to reshape and reconceive our habits when it comes to refueling our transport means, powering our industries or heating up our buildings, among other things. To get on track with the Net Zero Scenario, in fact, the speed of this increase will necessarily need to nearly double to reach the 2030 milestone.
More precisely, the International Energy Agency (IEA) claims that to get on track with the Net Zero Scenario, the share of electricity in energy demand will need to increase by around 3.5% per year1
Electrification in Prysmian Group
To share both internally and externally the role of Prysmian in helping foster the electrification process and decarbonize our environment, the Group has launched a new interactive platform providing insights on how Prysmian Group enables clean energy to power lives, communities, and everything around us.
The platform, called Discover Energy, focuses on the three critical decarbonization’s megatrends:
- Grid hardening
- Electrification
- Mobility
Find out more about Discover Energy and Prysmian Group’s commitment towards electrification on the dedicated website.
“Electrification is another area where Prysmian plays a critical role.
We have invested and will continue to invest in expanding our capabilities and capacity in Solar, Wind, Mining among many others.”